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When it comes to the U.S. economy and American jobs, it’s hard to argue against President Donald Trump’s massive amount of progress. President Trump and the American people, a unique tandem, are starting to take form. “GREAT AGAIN: +235,000,” President Trump retweeted Friday morning. Construction and manufacturing jobs saw massive gains, a reflection of President Trump’s promise to blue collar workers. The U.S. stock market hit 20,000 for the first time in history just days after President Trump took office, and the Dow Jones industrial average soared above 21,000 for the first time last week.

India’s Friendless Stock Market Rally

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The odd thing about India’s stock market rally is just how little faith investors have in it. They put a net $3 billion into Indian stocks last year, compared with a $43 billion deluge into domestic mutual funds. All Tumult From My Bosom Fades Many global stock benchmarks are more than one standard deviation quieter than their three-year average, but not India’s Nifty Source: BloombergGiven the froth in markets globally, some nervousness is to be expected. With less leverage and improved earnings, a growing stock-market rally in India should gather more believers than cynics. There isn’t an awful lot of demand for downside protection in the options market, despite a crucial state election result expected this Saturday.